The GASB has been actively pursuing work on fair value measurement and its application. The session reviews the conclusions the GASB has reached thus far on this important project. It also considers the practical implications of implementing more extensive fair value reporting, drawing upon the actual experience of private-sector entities when they had to implement similar guidance from the Financial Accounting Standards Board.
The GASB's Fair Value Initiative
Sunday, May 18, 2014 - 1:30pm to 2:20pm
Field of Study: